Mps-led Mediobanca: Grilli and Melzi d'Eril at the top
Last Annual General Meeting on 28 October Appoints New Board Abstention on Fees for the Year
Key points
L’ultima assemblea di Mediobanca del 28 ottobre, che si è svolta a porte chiuse con il metodo del rappresentante designato, è anche la prima con un azionista al controllo assoluto. Il consiglio designato da Mps, socio all’86,3% dopo l’Opas che si è conclusa a settembre, si è riunito subito dopo nominando Vittorio Grilli presidente, Alessandro Melzi d’Eril amministratore delegato e Sandro Panizza vice-presidente. Panizza, che alla precedente tornata era entrato nel board indicato nella lista Delfin, è l’unico dei vecchi consiglieri che non si era dimesso di fronte al cambio di azionariato: è stato confermato e promosso nell’organigramma del board. L’unico altro legame con il precedente cda, ed elemento di continuità, è il segretario del consiglio Massimo Bertolini, riconfermato nel ruolo. Gli altri consiglieri, nominati dall’assemblea, sono Paolo Gallo, Massimo Lapucci, Tiziana Togna, Giuseppe Matteo Masoni, Federica Minozzi, Donatella Vernisi, Andrea Zappia, Ines Gandini e Silvia Fissi
The Agenda
At the shareholders' meeting, all items on the agenda were approved, with no surprises. The financial statements as at 30 June 2025 were approved, which closed with revenues up 3% to 3.7 billion and net profit up 4% to 1.3 billion (the best results to date). The dividend of EUR 1.15 per share has already been paid out in the amount of EUR 0.56 as an interim payment in May, while the balance of EUR 0.59 will be paid on 26 November, with an ex-dividend date of 24 November.
The remuneration
The 2025-2026 remuneration and incentive policy package, as well as the 2025-2026 performance share plan, were also approved. Although this was a non-binding vote, the disclosure of remuneration paid in the 2024-2025 financial year was abstained by 97.06%.
It was also decided to award the audit mandate to PriceWaterhouseCoopers for the period 2026-2034, subject to the consensual termination of the mandate that had been awarded to EY for the financial years 2022-2030.
Lastly, it was resolved to bring forward to 5 November the board meeting to examine the quarterly report as at 30 September, and to convene the extraordinary shareholders' meeting on 1 December for the inclusion of Mediobanca in the Mps group, which requires the amendment of Article 3 of the bylaws, and for the alignment of the year-end closing date to 31 December, with the amendment of Article 31 of the bylaws.
